NortonLifeLock to End Ethereum Crypto-Mining Due to Merge | Crypto

NortonLifeLock to End Ethereum Crypto-Mining Due to Merge

– NortonLifeLock is shutting down a cryptocurrency miner that runs on its antivirus product.
– The company is citing Ethereums switch to a Proof-of-Stake model, which will phase out GPU-based mining for the cryptocurrency.
– The coming transition, also known as the Merge, is slated to occur as soon as Thursday, Sept. 15.
– As a result of the upcoming Ethereum Merge, GPU mining will no longer be possible.
– Norton/Avira Crypto mining will be disabled on our platform on September 14 at 9 am EST.
– Customers who mined with us can continue to access any balance they have earned mining with Norton/Avira Crypto through their Wallet, and they can withdraw it to their Coinbase account at any time.
– The Wallet will continue to be supported.
– The company introduced the mining function for its Norton360 product a year ago to help its customers capitalize on the then-soaring cryptocurrency market.
– In its defense, NortonLifeLock said the mining tool was opt-in only.
– The company is now disabling the miner, but the shutdown may be temporary.
– A company spokesperson said NortonLifeLock is “looking into” expanding mining to another cryptocurrency.

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